Jacksonian Democracy
President Jackson was interested in true democracy. He wanted to do away with the Electoral College. He believed that the people should directly elect all government officials from the President of the United States to the United States Senators and to the judges of the Judicial Branch of United States Government. Although the 17th Amendment states "The Senate of the United States shall be composed of two Senators from each State, elected by the people..." prior to this amendment, Senators were elected by state legislatures. The President is still elected using the Electoral College and the President appoints the Judicial Judges. Jackson proposed a policy of reform for government offices and to set term limits of 4 to 6 years depending on the post. He believed that the reformed government policy would be able to see its true purpose of serving the people. He also believed that any man of intelligence could run for office because the elected positions were so plain and simple. Therefore, no one should have any special privileges when elected to office.
Jackson disliked paper money and the concept of credit banks offer to consumers. Many of the actions Jackson carried out in office will be remembered as the Jacksonian era or Jacksonian Democracy. He went so far as to make an explosive statement to explain how the very fact that interest earned on taxpayers money goes to the rich and privileged, and how those types of privileges are not afforded to the common taxpayers and this is the very reason of why Jackson believes the BUS is a threat to our very libertyAfter Jackson was re-elected president in 1832, he set out to end the business of the BUS. In the end, congress began to understand to workings of Biddle and his power over the US economy. Jackson saw what was happening and when the bill passed both houses, he vetoed the bill speaking out against the bill and trying to persuade the legislative and the judicial system how unfair that type of charter is to the American people. After the treasurer's replacement, Jackson began to make government deposits in the state banks and Biddle, as an opposing act, stopped federal loans and caused an economic recession in the winter of 1833-34. When Biddle proposed a recharter to the government, it was politically motivated. Jackson had come close to imprisonment at a young age and believed that the banking system was a threat to individual liberty, and that it served the needs of the wealthy at the expense of the people since the interest earned went to stock holders and not shared by taxpayers. If Jackson vetoes the bill, Henry Clay, Jackson's opponent, could challenge Jackson at the next presidential election. Ironically, when Jackson's policy referred to democracy, it was referring to only "white males over 21 years old. Biddle was very educated and intelligent at a very young age and transformed the bank from a nationwide branch banking system into a central bank, that is, an agent of the government. the Jackson era, political commentators were no longer using the term republicanism, instead were using the word democracy. Nicholas Biddle was elected as the bank's president.
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